IRVINE, Calif.--(BUSINESS WIRE)--Khang & Khang LLP (the “Firm”) announces the filing of a class action lawsuit against Aaron’s, Inc. (“Aaron’s” or the “Company”) (NYSE: AAN). Investors who purchased or otherwise acquired shares between February 6, 2015 and October 29, 2015 inclusive (the “Class Period”) should contact the firm in advance of the August 18, 2017 lead plaintiff motion deadline.
If you purchased Aaron’s shares during the Class Period, please contact Joon M. Khang, Esq., of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at firstname.lastname@example.org.
There has been no class certification in this case yet. Until certification occurs, you are not represented by an attorney. You may also choose to take no action and remain a passive class member.
According to the Complaint, during the Class Period, Aaron’s violated federal securities laws by making materially false and/or misleading public statements, and/or failing to disclose material information, to investors. The Company misled investors regarding its subsidiary, Progressive Finance Holdings, LLC (“Progressive”), concealing from investors that it was experiencing software issues that impacted Progressive’s underwriting algorithm. In reality, Progressive lost critical data in February 2015, which impacted the Company’s ability to make loans and collect payments. When this news was announced, Aaron’s stock price dropped materially, which caused investors harm according to the Complaint.
If you wish to learn more about this lawsuit, or if you have any questions regarding this notice or your rights, please contact Joon M. Khang, Esq., a prominent litigator for almost two decades, by telephone at (949) 419-3834, or via e-mail at email@example.com.
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